2013 Tax Rates Schedule X - Single
If taxable income is over
But not over
The tax is
$0
$8,925
10% of the taxable amount
$8,925
$36,250
$892.50 plus 15% of the excess over $8,925
$36,250
$87,850
$4,991.25 plus 25% of the excess over $36,250
$87,850
$183,250
$17,891.25 plus 28% of the excess over $87,850
$183,250
$398,350
$44,603.25 plus 33% of the excess over $183,250
$398,350
$400,000
$115,586.25 plus 35% of the excess over $398,350
Over $400,000
no limit
$116,163.75 plus 39.6% of the excess over $400,000
2013 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er)
If taxable income is over
But not over
The tax is
$0
$17,850
10% of the taxable amount
$17,850
$72,500
$1,785 plus 15% of the excess over $17,850
$72,500
$146,400
$9,982.50 plus 25% of the excess over $72,500
$146,400
$223,050
$28,457.50 plus 28% of the excess over $146,400
$223,050
$398,350
$49,919.50 plus 33% of the excess over $223,050
$398,350
$450,000
$107,768.50 plus 35% of the excess over $398,350
$450,000
no limit
$125,846 plus 39.6% of the excess over $450,000
2013 Tax Rates Schedule Y-2 - Married Filing Separately
If taxable income is over
But not over
The tax is
$0
$8,925
10% of the taxable amount
$8,925
$36,250
$892.50 plus 15% of the excess over $8,925
$36,250
$73,200
$4,991.25 plus 25% of the excess over $36,250
$73,200
$111,525
$14,228.75 plus 28% of the excess over $73,200
$111,525
$199,175
$24,959.75 plus 33% of the excess over $111,525
$199,175
$225,000
$53,884.25 plus 35% of the excess over $199,175
Over $225,000
no limit
$62,923 plus 39.6% of the excess over $225,000
2013 Tax Rates Schedule Z - Head of Household
If taxable income is over
But not over
The tax is
$0
$12,750
10% of the taxable amount
$12,750
$48,600
$1,275 plus 15% of the excess over $12,750
$48,600
$125,450
$6,652.50 plus 25% of the excess over $48,600
$125,450
$203,150
$25,865 plus 28% of the excess over $125,450
$203,150
$398,350
$47,621 plus 33% of the excess over $203,150
$398,350
$425,000
$112,037 plus 35% of the excess over $398,350
$425,000
no limit
$121,364.50 plus 39.6% of the excess over $425,000
2013 Tax Rates Estates & Trusts
If taxable income is over
But not over
The tax is
$0
$2,450
15% of the taxable income
$2,450
$5,700
$367.50 plus 25% of the excess over $2,450
$5,700
$8,750
$1,180 plus 28% of the excess over $5,700
$8,750
$11,950
$2,034 plus 33% of the excess over $8,750
$11,950
no limit
$3,090 plus 39.6% of the excess over $11,950
Social Security 2013 Tax Rates
Base Salary
$113,700
Social Security Tax Rate
6.2%
Maximum Social Security Tax
$7,049.40
Medicare Base Salary
unlimited
Medicare Tax Rate
1.45%
Education 2013 Tax Rates
American Opportunity Tax Credit
$2,500
Lifetime Learning Credit
$2,000
Student Loan Interest Deduction
$2,500
Coverdell Education Savings Contribution
$2,000
Miscellaneous 2013 Tax Rates
Personal Exemption
$3,900
Business Equipment Expense Deduction
$500,000
Prior-year safe harbor for estimated taxes of higher-income
110% of your 2012 tax liability
Standard mileage rate for business driving
56.5 cents
Standard mileage rate for medical/moving driving
24 cents
Standard mileage rate for charitable driving
14 cents
Child Tax Credit
$1,000
Unearned income maximum for children before kiddie tax applies
$1,000
Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket
0%
Maximum capital gains tax rate for taxpayers above the 15% bracket
15%
Capital gains tax rate for unrecaptured Sec. 1250 gains
25%
Capital gains tax rate on collectibles
28%
Maximum contribution for Traditional/Roth IRA
$5,500 if under age 50
$6,500 if 50 or older
Maximum employee contribution to SIMPLE IRA
$12,000 if under age 50
$14,500 if 50 or older
Maximum Contribution to SEP IRA
25% of compensation up to $51,000
401(k) maximum employee contribution limit
$17,500 if under age 50
$23,000 if 50 or older
Self-employed health insurance deduction
100%
Estate tax exemption
$5,250,000
Annual Exclusion for Gifts
$14,000